Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.006%
Price spread now: tradeXYZ against Bybit+0.060%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$210as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$2162.163% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.060%, 7d avg +0.014%
=Together, before fees−0.015%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.046% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit EWTUSDT | 116.07 | 0 | get 0.0000% / 8h | 6h 58m | $223K | $140K | 25x |
| Short | tradeXYZ xyz:EWT | 116.14 | 0.0050 | get 0.0006% / 1h | 58m 05s | $686K | $193K | 20x |
Bybit EWTUSDT
tradeXYZ xyz:EWTFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.5
- Price spread: +0.060% → +0.014%
- $4.63
- Slippage, 4 orders
- −$187.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$201.15
- Costs to cover
- 2.163%
- Break-even
- 141.1 days
Slippage from Bybit: live order book, 57 min ago; tradeXYZ: live order book, 58 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 57 min ago | 7.77 bp | 88.2 bp −$88 | 137.0 bp −$1,370 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 58 min ago | 2.59 bp | 22.9 bp −$23 | 176.8 bp −$1,768 | doesn't fit | doesn't fit |
EWT on 12 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster EWTUSDT | 0.0000% | 8h | 116.16 | +0.080% | $3K | $76 | 20x | as long as short |
| Bybit EWTUSDTlong | 0.0000% | 8h | 116.07 | long leg | $223K | $140K | 25x | |
| OKX EWT-USDT-SWAP | 0.0000% | 8h | 116.16 | +0.078% | $176K | $166K | 20x | as long as short |
| Gate EWT_USDT | 0.0000% | 8h | 116.21 | +0.121% | $44K | $4K | 25x | as long as short |
| Bitget EWTUSDT | 0.0000% | 8h | 116.21 | +0.121% | $1.3M | $488K | 20x | as long as short |
| GRVT EWT_USDT_Perp | 0.0000% | 8h | 116.17 | +0.085% | $3K | $197K | 10x | as long as short |
| SunX EWT-USDT | 0.0000% | 8h | 116.18 | +0.095% | $847 | $368K | 10x | as long as short |
| HTX EWT-USDT | 0.0000% | 8h | 115.99 | −0.069% | $16K | $8K | 10x | as long as short |
| tradeXYZ xyz:EWTshort | +0.0050% | 1h | 116.14 | +0.060% | $686K | $193K | 20x | |
| Variational Omni EWT | +0.0051% | 8h | 116.19 | +0.104% | $55K | $12K | — | as long as short |
Aster EWTUSDT
OKX EWT-USDT-SWAP
Gate EWT_USDT
Bitget EWTUSDT
GRVT EWT_USDT_Perp
SunX EWT-USDT
HTX EWT-USDT
Variational Omni EWTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance EWTUSDT | +0.0187% | 8h | 116.16 | +0.081% | $473K | $852K | 20x | as long as short |
| MEXC EWT_USDT | +0.0188% | 8h | 116.16 | +0.078% | $2.4M | $91K | 50x | as long as short |
Binance EWTUSDT
MEXC EWT_USDT